Netcapital Inc. (NASDAQ:NCPL) Short Interest Up 797.8% in May

Netcapital Inc. (NASDAQ:NCPLGet Free Report) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 793,995 shares, a growth of 797.8% from the May 14th total of 88,442 shares. Currently, 10.6% of the shares of the company are sold short. Based on an average daily trading volume, of 23,067,452 shares, the days-to-cover ratio is presently 0.0 days.

Netcapital Stock Performance

Netcapital stock traded down $0.08 during midday trading on Thursday, reaching $0.81. 249,994 shares of the stock were exchanged, compared to its average volume of 2,489,976. The company’s fifty day moving average is $0.58 and its 200-day moving average is $0.66. The firm has a market cap of $6.35 million, a PE ratio of -0.05 and a beta of 2.22. Netcapital has a 52 week low of $0.31 and a 52 week high of $8.75.

Netcapital (NASDAQ:NCPLGet Free Report) last posted its earnings results on Thursday, March 19th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The firm had revenue of $0.51 million for the quarter, compared to the consensus estimate of $1.87 million. Netcapital had a negative return on equity of 40.53% and a negative net margin of 3,806.77%.

Institutional Trading of Netcapital

A hedge fund recently bought a new stake in Netcapital stock. Jane Street Group LLC bought a new position in shares of Netcapital Inc. (NASDAQ:NCPLFree Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 12,121 shares of the company’s stock, valued at approximately $83,000. Jane Street Group LLC owned 0.31% of Netcapital at the end of the most recent quarter. 30.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Netcapital in a research note on Monday, April 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Read Our Latest Research Report on Netcapital

About Netcapital

(Get Free Report)

Netcapital Inc operates an SEC-registered online capital–raising platform that connects emerging companies with a broad base of individual and institutional investors. Through its web-based portal, Netcapital enables issuers to conduct equity offerings under Regulation CF, Regulation A+ and Regulation D, providing a streamlined process for startups and growth-stage businesses seeking to access private capital markets. The company’s platform incorporates digital subscription, investor accreditation checks and regulatory compliance tools designed to simplify deal execution for both issuers and backers.

For entrepreneurs and small-business owners, Netcapital offers end-to-end support that includes deal structuring, compliance workflow, and marketing assistance.

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